Blockchain technology is penetrating the world, and Samsung is investing in blockchain companies just to ensure its status as an industry giant

Have you ever wondered why industry giants can stand firm in today's fierce market competition? There are usually two ways. The first is to subvert the market and lead market reform through their own transformation and upgrading; the second is to invest in (and eventually buy out) some emerging technology companies that either threaten their market position or create new sources of income for them.

This is what electronics giant Samsung does. Samsung SDS, a subsidiary of Samsung Group, is South Korea's largest global IT solution provider with annual revenue exceeding US$1 billion. Recently, Samsung SDS announced that it has invested in two startups, one of which is the Korean blockchain company Blocko and the other is the British cybersecurity company Darktrace.

Samsung SDS said in an official statement that in order to improve the company's competitiveness and promote business development, they will continue to invest in more start-ups internationally in the future. With this part of the investment, Samsung SDS can lead the development of cutting-edge technology in the fields of cybersecurity and blockchain. Cooperation with these start-ups can promote the company's business development. Cooperation with Darktrace will improve our competitiveness in cybersecurity, and we can provide targeted cybersecurity solutions to Korean customers; and cooperation with Blocko can help us promote the emerging technology blockchain to commercial applications, including the Internet of Things (IoT).

Darktrace is a world-class cybersecurity company with a rapidly expanding business. It mainly uses artificial intelligence to detect and resolve network vulnerabilities. It was also named the best cybersecurity company in 2016.

Blockchain platform Blocko provides ownership services to major industry giants in South Korea. Blockchain technology has a wide range of applications, from financial technology to medical fields (Blockchain Application Special Topic).

Samsung SDS also said: In order to develop disruptive technologies and promote technological innovation, we will continue to invest in such start-ups in the future, covering areas such as artificial intelligence, market analysis and the Internet of Things.